Ethereum’s price is expected to reach US$7,609 this year, although it is expected to end the year at around US$6,500, according to Australian fintech Finder’s panel of 33 crypto specialists

Fast facts

  • 79% of the panelists believe that Ethereum’s migration to a proof-of-stake model (PoS) would lead to an increase in price, but 11% believe it could drop Ethereum prices due to persisting high gas fees and scalability issues. 
  • Ether is the second-largest cryptocurrency by market capitalization and is the most popular blockchain for decentralized applications (dApps). 
  • Network congestion and scalability issues on Ethereum have allowed competitors such as Solana and Terra to provide alternative options for developers to build on. 
  • 52% of the panelists said it is time to buy Ethereum and 30% advised holding, but 19% said it’s time to liquidate.